CSSD pension fund warns that his side II. Pillar cancel

PRAGUE (MEDIAFAX) - Bohuslav Sobotka, CSSD chairman, wants to send a letter by the end of the heads of pension funds, to assure them that in 2014 actually canceled II. pillar pension reform. He wants to protect so well against any arbitrations, said on Friday daily MF Dnes.

"The Prime Minister Necas is unable to guarantee that the second pillar will remain in 2015. We declare our intention to revoke it only in Parliament. Would be useful to know our clear position operators and pension funds," said Bohuslav Sobotka.

Sending letters to pension funds and wants to protect against any possible arbitrage and trying to put my thoughts out in time. CSSD wants II. pillar cut off before the full scurries, later, that this would be difficult.

Sobotka reacts to Thursday's meeting of Prime Minister Petr Necas (ODS) with representatives of pension funds and the president of the Association of Pension Funds Karel Svoboda. Both sides agreed that they must pay to communicate with the inhabitants of the Republic, to understand the pension system and what actually the second pillar pension reform means. "We will not force anyone, however, the government will not break anyone. Simply put on the table numbers and objective information and leave it to the judgment of the citizens," said Petr Necas after the meeting. "We will also repeat accurate information, namely that if the young and middle-aged rely on the ongoing pension system guaranteed by the state, it runs the risk of poverty in old age," he added.

"We expect such as advertising, which are joining forces for the Cabinet Office and the Ministry of Labour and Social Affairs," mentioned Necas.

Svoboda said that the association will target mainly through the five million clients. "The pension funds, the vast majority of economically active population, we will communicate with them. Any money on advertising and marketing commit, but it is restricted by law. Mainly targeting the clients," described the strategy and said that he liked to hear the prime minister's assurance remedy the situation.

Necas admitted that the lack of communication with the people is government debt. The Prime Minister is confident that the situation will improve now. "People logically znejistila both very negative campaign, and that it was not at all clear that the legislative process in time expires and the reform will take effect with the new year. Them is not surprising, but now we have to overcome. Previously, we were also somewhat defenseless when the legislative process is not over, "pleaded the Prime Minister.

License to participate in the second pillar gained ten entities: Generali, Aegon PF, PF Commercial Bank, AXA PF, PF Czech Savings Bank, CSOB Stability PF, PF Czech insurance company, Allianz, ING, Raiffeisenbank and PF. Three of them PF Aegon, AXA and ING PF PF have already announced that the second pillar participate and get involved only to the third. They can not be certain that the second pillar involve enough people, their number depending on how the system will operate.

"We have to accept their decision, but the overwhelming majority of funds are involved. Those three, do not want, so i decided probably occurred because they do not have a strong financial group," Necas justified. Svoboda added that participating in the pension funds cover 82 percent of the market.

The state budget for next year so far assumes that pensions in the second pillar will issue six billion crowns. "Maybe it will be less, maybe more, that we will see the end of the next financial year. If the II. Pillars involve fewer people spared the sum of the deficit will be reduced," he added.